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Eurozone exports fall for third month: Eurostat

[Brussels] Eurozone exports fell for the third month running in August, official data showed on Thursday, in a further sign of the lacklustre state of European economy.

Deepening worries over the state of the eurozone economy have sent markets plummeting in recent days, with new sharp falls on thursday, and the latest trade data underline analyst warnings that that recession could return.

The EU's official Eurostat agency also confirmed on Thursday that inflation in the eurozone had dipped to 0.3 per cent in September, the lowest level since financial debt crisis in 2009.

Low Inflation has become a central problem for the eurozone economy, with sluggish demand from households and businesses slowing price rises and stoking deflation worries.

Exports from the eurozone dipped by 0.9 per cent in August compared with July to 140.5 billion euros (US$180 billion), the agency said.